General Motors Co. said today it might be able to fully repay taxpayer-funded aid by next summer and that it lost $1.15 billion since emerging from bankruptcy July 10.
In announcing third-quarter results, GM gave the public its first comprehensive peek at the automaker's finances since emerging from bankruptcy with about $50 billion in federal aid.
Before special items, GM lost $261 million. The automaker posted revenue of $28 billion in the third-quarter, up about $4.9 billion compared to the second quarter -- a boost credited to higher industrywide sales and stabilized market share in China, Brazil, India and Russia.
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2009 SEMA AUTO SHOW Photo Gallery Now LIVE!
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